A few facts that clearly describe the state of the US middle class consumer:
- WalMart's sales are down, Dollar General is growing in revenue by $1 billion per quarter
- McDonalds can only drive revenue by adding to it's dollar menu
- Darden restaurants saw a 3-4% decline in revenue last quarter and a very significant decline in gross margins.
- Gas prices are up almost 50 cents per gallon in the last 6-8 weeks, and we are soon to enter Spring driving season when prices always go up even more.
- The 2% Obama middle class tax hike is here to stay

2:57 pm February 20, 2013

Sam - It's simple wrote:

People are broke, banks and companies hoard money and give bigger bonuses to executives and their CEO's.

5:05 pm February 20, 2013

WSW wrote:

If folks saved in the past, at least 12% of the gross salary, they are not hurting and should not be affected. Support The Fed.

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